Chariot (LON:CHAR) Shares Up 12.8% – Here’s What Happened

Chariot Limited (LON:CHAR) shares rose 12.8% on Thursday . The company traded as high as GBX 1.65 and last traded at GBX 1.65. Approximately 366,950 shares were traded during trading, a decline of 81% from the average daily volume of 1,889,287 shares. The stock had previously closed at GBX 1.46.

Chariot Trading Down 0.3%

The company has a current ratio of 1.01, a quick ratio of 3.74 and a debt-to-equity ratio of 2.00. The stock has a market capitalization of £22.98 million, a PE ratio of -0.73 and a beta of 0.48. The stock has a 50 day moving average price of GBX 1.55 and a 200-day moving average price of GBX 1.58.

About Chariot

Chariot is an African focused transitional energy group with two business streams, Transitional Gas and Transitional Power.

Chariot Transitional Gas is focussed on a high value, low risk gas development project offshore Morocco with strong ESG credentials in a fast-growing emerging economy with a clear route to early monetisation, delivery of free cashflow and material exploration upside. Chariot Transitional Power, looking to transform the energy market for mining operations in Africa, providing a giant largely untapped market with cleaner, sustainable, and more reliable power.